Boston Dynamics is a robotics and engineering company leading the way in creating the future of robotics and artificial intelligence. As the company continues to make breakthroughs in these areas, it is becoming an attractive investment opportunity for those looking to capitalize on the potential of this rapidly advancing technology.
Robotics companies have seen their stock price steadily increase over the past few years as investors have become more confident in the sector’s ability to keep these gains.
The company has also secured several lucrative contracts with major companies such as Google and Amazon, further boosting investor confidence.
This article will provide an overview of Boston Dynamics and answer one fundamental question: can you buy Boston Dynamics stock?
An Overview of Boston Dynamics
Boston Dynamics is a robotics and engineering company that has been in operation since 1992. It was founded by Marc Raibert, a computer scientist and engineer at the Massachusetts Institute of Technology (MIT).
The company is headquartered in Waltham, Massachusetts, and has additional offices in Japan and the United Kingdom. In 2016, Google acquired the company for an undisclosed amount, but the purchase was likely between $100 million and $150 million.
At the time of the acquisition, the company had around 100 employees, most of whom were engineers. Since then, Google has continued to invest in the company, though it is unclear how much funding has been allocated to Boston Dynamics.
The company has five main products currently being developed or tested:
- The dog-like robot named SpotMini
- A human-like robot named Atlas
- A waste-management robot named Handle
- A bipedal robot named WildCat
- The humanoid robot is named Creation.
It is estimated that Boston Dynamics has been working on these projects for more than ten years, with some products being in development since the early 2000s.
Can investors buy Boston Dynamics stock?
The short answer is that you can’t. Boston Dynamics is not a publicly traded company but a private one. This means that it is not listed on any stock exchange and, therefore, cannot be bought or sold. However, if you are interested in investing in the company, you can invest in Hyundai Motor Company.
Hyundai Motor Company is listed on the OTC Markets Group and can be bought or sold through any broker (OTCMKTS: HYMTF) which owns Boston Dynamics. Hyundai Motor Company is a South Korean automotive company that owns Boston Dynamics.
The company has invested heavily in robotics and autonomous driving technology and acquired Boston Dynamics in 2020.
Considering Boston Dynamics’ excellent performances, an IPO might be announced soon. However, there is no official information about it.
Boston Dynamics’ Products
SpotMini: This is a dog-like robot currently being tested by businesses and organizations. It is being used primarily as a delivery robot, though Amazon is also using it. This robot is designed to navigate indoor environments and can be controlled with an accompanying app. This robot is expected to be available for business customers in 2020.
Atlas: This is a human-like robot designed to navigate outdoor environments. It has been used in rescue situations and has even been used to conduct research in hazardous environments. It has been tested in various real-world applications, including a disaster response simulation in 2016.
Handle: This robot is designed to help with waste management, such as collecting and sorting trash. It is being tested and developed by several organizations.
WildCat: This bipedal robot is designed for quick movements like running and leaping. It is designed to assist in various settings, such as agricultural and military settings. It is currently being tested and developed by several organizations, including the military.
Creation: This humanoid robot is being developed to help with household chores, such as vacuuming and mopping floors. It is currently being tested and developed by a variety of organizations.
Boston Dynamics’ Financials
Boston Dynamics has never been a profitable company. Throughout its existence, the company has lost between $26 million and $189 million each year.
However, it is essential to note that these losses likely result from substantial research and development investment.
Given that the company is still developing its products, these losses will likely continue. The robotics industry has always been a relatively expensive sector. Given the progressive nature of robotics and the complexity of developing such technically advanced products, it is unsurprising that Boston Dynamics has consistently lost money.
It is important to note that Boston Dynamics has secured substantial investments from various sources. In 2020, the company received $1 billion in funding from Hyundai Motor Company. This investment was made to help further the company develop its products and services.
Investors must know that most of Boston Dynamics’ revenue comes from government contracts, meaning the company is subject to government appropriation.
Given the company’s current financial situation, it is difficult to determine whether or not Boston Dynamics stock would be a good investment if an IPO were announced. The robotics industry is still relatively new, and there are no guarantees that the company’s products will be successful. The company has yet to profit, and its losses may continue.
Hyundai Motor Group owns Boston Dynamics.
In a surprising turn of events, Hyundai Motor Group purchased Boston Dynamics in August 2018 for an undisclosed amount. Hyundai is one of the largest automobile manufacturers in the world, with a wide range of products.
It is the fifth-largest automobile manufacturer in the world, producing various cars and SUVs. It also produces commercial vehicles, such as buses and trucks. The company has been diversifying its business, and robotics has been identified as an important emerging technology.
In addition to purchasing Boston Dynamics, Hyundai has invested in several other robotics companies, including Autonomous Systems Lab, LiquidRobotics, and HUDR. While the purpose of these investments has not been disclosed, there is speculation that Hyundai intends to build a robotics business within its corporate organization.
It is important to note that the purchase of Boston Dynamics is only the latest in a series of aggressive investments in robotics by Hyundai. It remains to be seen how Hyundai will utilize Boston Dynamics, but it is clear that the company’s leadership has identified robotics as a critical technology for the future.
The robotics industry in 2023
The robotics industry is expected to increase over the next five years.
Several factors, including the aging population, the demand for automation, and the need for greater manufacturing efficiency, drive the growth in robotics. While there is a significant amount of hype around robotics, it is essential to recognize it as a long-term trend that is only just beginning.
The robotics industry is expected to be worth more than $100 billion by 2023, and Boston Dynamics is well-positioned to capitalize on this growth. The company has a strong portfolio of products and services, including its Spot robot, designed for industrial use. Additionally, the company has been investing heavily in research and development, which should help it stay ahead of the competition.
The robotics industry is expected to be valued at $98 billion in 2023, up from $69 billion in 2018. Critical segments of this industry are expected to see substantial growth, including industrial robots and autonomous systems.
While the robotics industry is expected to overgrow over the next few years, it is essential to remember that robotics is a long-term trend just now beginning to take off.
Boston Dynamics has a strong portfolio of products and services, and its research and development efforts should help it stay ahead of the competition.
Additionally, Hyundai’s purchase of Boston Dynamics provides additional stability to the company’s financials.
Alternative stock investments in the robotic industry
Although you can’t buy Boston Dynamics stock, you might still be interested in buying these high-growth robotic stocks.
UiPath (NYSE: PATH)
UiPath is a software company that develops and sells Robotic Process Automation (RPA) software. RPA is a technology that uses artificial intelligence to replicate repetitive tasks. UiPath’sCompanies use UiPath’s software to automate mundane tasks, such as data entry and customer service.
Intuitive Surgical is a medical device company that develops robotic surgical systems. The company’s da Vinci system is used in various surgical procedures, including prostatectomies and hysterectomies.
The software developed by UiPath automates various tasks, such as creating reports, data entry, and invoice processing. The company was founded in 2004 and had its headquarters in New York. UiPath is a member of the MIT100 Trend Companies, the ABBY100 list, and the Forbes Cloud 100.
The company currently has a market cap of $14.32 billion. Investors interested in robotics should consider UiPath as an investment opportunity.
iRobot (NASDAQ: IRBT)
iRobot is a Massachusetts-based robotics company that produces household robots. It is widely known for its first product, the iRobot Roomba vacuum cleaner, which was one of the first commercially successful household robots.
iRobot has since expanded its product line to include a variety of robots for the home, including the Braava mop and the Terra lawnmower. The company also produces robots for industrial and military applications.
The company has since expanded its product line, producing robots for other household tasks, including floor washing and lawn mowing. The company was founded in 1990 with a current market cap of $12.14 billion. Investors may want to consider iRobot as a robotics investment opportunity.
ReWalk Robotics (NASDAQ: RWLK)
ReWalk Robotics is a company that manufactures wearable robotic exoskeletons for injured people. The company’s products are designed to help individuals with lower limb disabilities walk again.
ReWalk Robotics was founded in 2001 and has its headquarters in Israel. The company currently has a market cap of $1.04 billion. Investors interested in robotics should consider ReWalk Robotics as an investment opportunity.
The exoskeletons assist people when their ability to walk is limited by mobility problems caused by neurological conditions such as spinal cord injury, stroke, and multiple sclerosis.
ReWalk Robotics has a current market cap of $597.80 million. Investors interested in robotics may consider ReWalk Robotics as an investment opportunity.
Fanuc (OTCMKTS: FANUY)
FANUC is a Japanese manufacturer of industrial robots and computer numerical control (CNC) machines. The company produces robots for various industries, including automotive, electronics, and food production. FANUC is the world’s largest industrial robot manufacturer and has been in business since 1972.
The company currently has a market cap of $48.09 billion. Investors interested in robotics should consider FANUC as an investment opportunity.
The company produces robots for various industries, including automotive, aerospace, food, energy, and other industries. The company has a market value of $22 billion and has been listed on the Tokyo Stock Exchange since 1979.
Frequently Asked Questions
How much is Boston robotics stock?
Although you can’t buy Boston Dynamics stock directly, there are still ways to invest in the company.
One option is to invest in Hyundai Motor Company, which owns Boston Dynamics. This will give you exposure to the robotics and autonomous driving technology that the company is developing. Additionally, investing in other companies in the robotics industry could also be an excellent way to gain exposure to Boston Dynamics.
What are the best robotic stocks to buy?
If you are interested in investing in Boston Dynamics, the best way is through the Hyundai Motor Company.
As mentioned above, Hyundai Motor Company owns Boston Dynamics and is listed on the OTC Markets Group. Investing in Hyundai Motor Company will expose you to the robotics and engineering companies and other automotive companies that are part of the conglomerate.
What company owns Boston Dynamics?
Hyundai Motor Company owns Boston Dynamics. Hyundai Motor Company is a South Korean automotive company listed on the OTC Markets Group.
The company has invested heavily in robotics and autonomous driving technology and acquired Boston Dynamics in 2017. Investing in Hyundai Motor Company will expose you to the robotics and engineering companies and other automotive companies that are part of the conglomerate.
Is BRP a good stock?
NASDAQ: BRP is often confused as Boston Dynamics stock ticker. Instead, this is the ticker of BRP Inc., a Canadian manufacturer of recreational vehicles, including snowmobiles, ATVs, and watercraft.
The company has been in business since 1942 and is currently the world’s largest manufacturer of recreational vehicles. BRP’s market cap of $7.5 billion is listed on the Toronto Stock Exchange.